Great Eastern Shipping Explained

The Great Eastern Shipping Company Limited
Type:Public company
Traded As:
Foundation:1948[1]
Location:Worli, Mumbai, Maharashtra
Industry:Shipping
Revenue:[2]

The Great Eastern Shipping Company Limited (also known as GE Shipping) is an Indian shipping company which primarily transports liquid, gas and solid bulk products.[3] As of 2023, the company is the largest private sector shipping company in India.[4]

History

The Great Eastern Shipping Company Limited (also known as GE Shipping) was founded by the Sheth family and the Bhiwandiwalla family, who started GE Shipping to assist in expanding the reach of their trading businesses.[5] As of 2023, GE Shipping has over 500 employees.[6] The company is publicly traded on India's two main stock exchanges, the Bombay Stock Exchange and the National Stock Exchange.[7]

Business segments

GE Shipping's business is divided into two main segments, shipping and offshore.[8] The shipping business is involved in the transportation of crude oil, petroleum products, liquified gas and dry bulk commodities.[9] The company's offshore business involves conducting offshore exploration and production services, which GE Shipping does by providing exploratory drilling rigs, offshore support vessels and other services, through its wholly owned subsidiary Greatship (India) Limited.[10] GE Shipping has been certified SO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards by DNV.GL.[11]

Shipping fleet

As of 2022, GE Shipping has a fleet of 67 ships, which includes 8 crude tankers, 18 product carriers, 5 gas carriers and 14 dry bulk carriers.[12]

References

  1. Web site: GE SHIPPING – About Us – History . Greatship.com . 2 February 2011 . https://web.archive.org/web/20110711125807/http://www.greatship.com/aboutus/history.htm . 11 July 2011 . dead .
  2. Web site: BSE Plus . Bseindia.com . 2 February 2011.
  3. Web site: Lakshmi . Aiswarya . 2018-04-02 . GE Shipping to Buy Secondhand VLGC . 2023-11-14 . MarineLink . en.
  4. Web site: Capital Market . 10 January 2023 . GE Shipping rises after subsidiary inks deal to acquire one anchor handler . 16 November 2023 . Business Standard.
  5. Web site: About Us . 2023-11-19 . The Great Eastern Shipping Co. Ltd..
  6. Web site: Mehta . Praneet . 2023-08-17 . Great Eastern Shipping Company Limited 2023 . 2023-11-19 . Merchant Navy Decoded . en-US.
  7. Web site: Great Eastern Shipping Company Ltd. . 2023-11-19 . Moneycontrol . en.
  8. Web site: Moneycontrol News . 2023-08-04 . GE Shipping hits 52-week high on strong Q1 earnings, selection of Keki Mistry as director . 2023-11-15 . Moneycontrol . en.
  9. Web site: Great Eastern Shipping . 2023-11-15 . Forbes . en.
  10. Web site: Nagar . Anshul . Sharma . Vipula . 15 November 2021 . The Great Eastern Shipping Company Ltd. . 18 November 2023 . Brickwork . 2 .
  11. Web site: Business . 2023-11-19 . The Great Eastern Shipping Co. Ltd.
  12. Web site: 29 July 2022 . The Great Eastern Shipping Q1 FY23 net up 3598 percent at Rs 457 crore - ET Infra . 2023-11-15 . ET Infra . en.